LONG
#1
Posted 21 September 2015 - 12:23 PM
#2
Posted 21 September 2015 - 12:34 PM
Following the Gap-n-Crap in the morning session, now let's see if my 1:00pm-1:30pm "time pivot" works. I went long at approx. 1957 cash with a 5-pt stop.
More later.... Good trading.
First time in awhile im on the wrong side of the trade with you my friend!
Good luck to both of us; let our stops keep us safe!
#3
Posted 21 September 2015 - 01:21 PM
#4
Posted 21 September 2015 - 10:59 PM
Based on my scan criteria yesterday, ALL positive 20, 50, 200 DMA crossovers were bond funds/ETFs.
And today, they're all inverse bond funds/ETFs.
First things first, the SPX has to cross 2000, the 50-yard between May high and Aug. low. And, it did, on the FOMC day, 9/17/15, but there's a 15-yard penalty on unsportsmanlike conduct - excessive celebration. :=) Looks like it's ready to take another shot at it, and this time it may cross the midfield and run all the way to 2040.
#5
Posted 21 September 2015 - 11:25 PM
#6
Posted 22 September 2015 - 05:52 AM
Edited by TechMan, 22 September 2015 - 06:00 AM.
#7
Posted 22 September 2015 - 06:16 AM
#8
Posted 22 September 2015 - 06:59 AM
I've tried several times shorting the breakdown with OTM hedging w/ITM, it has not worked for follow through.
I am reluctant to try it again, so maybe this is the one. The first time it worked, a couple weeks ago.
Has to bounce I think though, as the 30 and 60 futures MACD are overdone.
I can't find any news for the overnight selloff.
Yeah, there will be a "Mulligan". It always bounces. It's just a matter of when and how much. When the market gaps up/down or moves too fast to execute my orders, I wait for the mean reversion to exit. That's what I'll do to my first swing position that I've otherwise planned to hold for at least a few days.
BTW, I'd just short it with ITM puts, breakdown or not.
Edited by TechMan, 22 September 2015 - 07:01 AM.
#9
Posted 22 September 2015 - 08:03 AM
I've tried several times shorting the breakdown with OTM hedging w/ITM, it has not worked for follow through.
I am reluctant to try it again, so maybe this is the one. The first time it worked, a couple weeks ago.
Has to bounce I think though, as the 30 and 60 futures MACD are overdone.
I can't find any news for the overnight selloff.
Yeah, there will be a "Mulligan". It always bounces. It's just a matter of when and how much. When the market gaps up/down or moves too fast to execute my orders, I wait for the mean reversion to exit. That's what I'll do to my first swing position that I've otherwise planned to hold for at least a few days.
BTW, I'd just short it with ITM puts, breakdown or not.
Other than exiting long on a bounce, do u have a follow-up plan?
#10
Posted 22 September 2015 - 08:18 AM
I can't find any news for the overnight selloff.
Volkswagon scandal? I don't think so...
==================
Other than exiting long on a bounce, do u have a follow-up plan?
Yeah, back to my regular day-trading. :=)
I'll be looking for long entry first, and we'll see how the market set things up after that.
Edited by TechMan, 22 September 2015 - 08:19 AM.